Peshwa Wheat IPO

Incorporated in 2023, Peshwa Wheat Limited is engaged in processing wheat-based products including Atta, Sortex Wheat, Broken Wheat, Gram Flour (Besan) and Maize Flour. The company operates a fully integrated flour processing unit in Indore, Madhya Pradesh, with an installed capacity of 56,100 MTPA. It primarily serves B2B customers across Madhya Pradesh, Maharashtra, Karnataka and Gujarat through super stockists and direct sales. Its customers include restaurants, bakeries, wholesalers and other bulk buyers. Peshwa Wheat also trades vegetables such as potatoes and tomatoes within Madhya Pradesh. Its processing operations use modern cleaning and milling technology, while wheat bran generated as a by-product is utilised for cattle feed.

Peshwa Wheat Limited IPO Overview

Peshwa Wheat Limited IPO is a bookbuilding issue of ₹53.52 crore comprising 52,99,200 fresh equity shares. The IPO will open for subscription on 24 September 2026 and close on 28 September 2026. The allotment is expected to be finalised on 29 September, followed by refunds and demat credit on 30 September. The tentative listing date is 1 October 2026 on the BSE SME platform. The price band is fixed at ₹95 to ₹101 per share, with a lot size of 1,200 shares. Retail investors must apply for at least two lots, representing 2,400 shares and an investment of ₹2,42,400 at the upper price band. The minimum S-HNI application is three lots, or 3,600 shares, amounting to ₹3,63,600. Finaax Capital Advisors Pvt. Ltd. is the book running lead manager, Maashitla Securities Pvt. Ltd. is the registrar, and Bhansali Value Creations Pvt. Ltd. is the market maker.

Peshwa Wheat Limited IPO Details

Particulars	Details
IPO Date	24 September 2026 to 28 September 2026
Listing Date	1 October 2026
Face Value	₹10 per share
Issue Price Band	₹95 to ₹101 per share
Lot Size	1,200 Shares
Total Issue Size	52,99,200 shares (aggregating up to ₹53.52 Cr)
Fresh Issue	52,99,200 shares (aggregating up to ₹53.52 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	1,37,28,996 shares
Share Holding Post Issue	1,90,28,196 shares
Market Maker Portion	2,95,200 shares

Peshwa Wheat Limited IPO Reservation

Investor Category	Shares Offered
QIB	49,200 shares (0.98% of Net Issue)
Retail	25,03,200 shares (50.02% of Net Issue)
NII (HNI)	24,51,600 shares (48.99% of Net Issue)
Market Maker	2,95,200 shares on a firm basis

 

Peshwa Wheat Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,400	₹2,42,400
Retail (Max)	2	2,400	₹2,42,400
S-HNI (Min)	3	3,600	₹3,63,600
S-HNI (Max)	8	9,600	₹9,69,600
B-HNI (Min)	9	10,800	₹10,90,800

 

Peshwa Wheat Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	72.61%
Post-Issue	52.39%

 

Peshwa Wheat Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹8.31
Price/Earnings (P/E) Ratio	12.15x
Return on Net Worth (RoNW)	36.71%
Net Asset Value (NAV)	₹31.37
Return on Equity	44.96%
Return on Capital Employed (ROCE)	33.44%
EBITDA Margin	10.53%
PAT Margin	7.32%
Debt to Equity Ratio	0.55

Objectives of the Proceeds

• Plant and machinery: ₹6.69 crore will fund capital expenditure towards purchasing plant and machinery to expand processing capabilities.
• Civil construction: ₹5.01 crore will finance civil construction required for developing and strengthening the company’s processing infrastructure.
• Working capital: ₹26.50 crore will support working capital requirements and help fund the company’s ongoing operating activities.
• General corporate purposes: The remaining proceeds will be utilised for general corporate requirements, subject to applicable regulations.

Key Financials (in ₹ crore)

Particulars	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	80.60	65.95	31.17
Revenue / Total Income	215.96	171.55	43.81
Profit After Tax	15.81	11.84	5.21
Reserves and Surplus	29.34	13.53	8.56
Total Borrowings	23.74	22.60	7.93

IPO Strengths

• Established Promoters and Skilled Management Team
• Integrated Processing Operations
• Strategic Procurement Relationship and strong Supply Chain
• Strong focus on Quality and Food Safety Standards and maintaining Hygienic Processing Standards

Peer Group Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (₹)	P/E (x)	RoNW (%)	P/BV Ratio
Peshwa Wheat Ltd.	11.51	11.51	31.37	—	36.71	—
Peer Group
Baba Foods Processing India Ltd.	1.89	1.89	40.64	13.10	4.63	0.60
Megastar Foods Ltd.	8.11	8.11	90.42	40.93	8.97	3.68